Insider Buying: QinetiQ Group plc (LON:QQ) Insider Buys 27 Shares of Stock

QinetiQ Group plc (LON:QQ) insider Steve Wadey acquired 27 shares of the business’s stock in a transaction on Tuesday, June 10th. The stock was acquired at an average cost of GBX 548 ($7.44) per share, for a total transaction of £147.96 ($200.76).

Steve Wadey also recently made the following trade(s):

• On Wednesday, June 11th, Steve Wadey sold 75,060 shares of QinetiQ Group stock. The shares were sold at an average price of GBX 517 ($7.01), for a total value of £388,060.20 ($526,540.30).
• On Friday, May 9th, Steve Wadey purchased 35 shares of QinetiQ Group stock. The shares were purchased at an average cost of GBX 428 ($5.81) per share, for a total transaction of £149.80 ($203.26).

QinetiQ Group Stock Down 2.1%

QinetiQ Group stock opened at GBX 505 ($6.85) on Friday. The company has a debt-to-equity ratio of 41.96, a current ratio of 1.35 and a quick ratio of 1.15. The business has a 50 day simple moving average of GBX 435.30 and a 200-day simple moving average of GBX 417.87. The stock has a market capitalization of £2.79 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. QinetiQ Group plc has a 12 month low of GBX 292.20 ($3.96) and a 12 month high of GBX 491 ($6.66).

QinetiQ Group (LON:QQ) last released its quarterly earnings data on Thursday, May 22nd. The company reported GBX 26.10 ($0.35) earnings per share for the quarter. QinetiQ Group had a return on equity of 14.98% and a net margin of 7.03%. On average, analysts anticipate that QinetiQ Group plc will post 26.1405108 EPS for the current fiscal year.

QinetiQ Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 14th. Investors of record on Thursday, April 10th were issued a GBX 7.72 ($0.10) dividend. This represents a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from QinetiQ Group’s previous dividend of $2.80. QinetiQ Group’s payout ratio is currently 33.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays increased their price target on QinetiQ Group from GBX 535 ($7.26) to GBX 570 ($7.73) and gave the stock an “overweight” rating in a research report on Monday, March 3rd. Shore Capital reaffirmed a “hold” rating on shares of QinetiQ Group in a research report on Thursday, May 22nd. Finally, Berenberg Bank raised their price objective on QinetiQ Group from GBX 500 ($6.78) to GBX 570 ($7.73) and gave the company a “buy” rating in a research report on Monday, June 2nd.

About QinetiQ Group

QinetiQ Group plc operates as a science and engineering company in the defense, security, and infrastructure markets in the United Kingdom, the United States, Australia, and internationally. The company operates through EMEA Services and Global Solutions segments. It offers advanced materials and manufacturing products; artificial intelligence, analytics, and advanced computing technologies; cyber and electromagnetic technologies; human protection and performance systems; novel systems, and weapons and effects; platform, and system design and assessment products; power sources, and energy storage and distribution products; robotics and autonomy services; secure communications and navigation systems; and sensing, processing, and data fusion systems.